CRA Backs TIF Redevelopment With 15-Year Tax Return

The Holdrege Community Redevelopment Authority approved and recommended Holdrege Restoration and Repair’s Redevelopment Plan and Redevelopment Contract, setting the future real property value at $400,000 with a 90% return of ad valorem taxes over a 15-year TIF period. CRA Resolution 2026-01 forwards the agreement to the Planning Commission and City Council for final approval.

Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

Fifteen- (15) year TIF period

Renewal

Initial redevelopment contract for a 15-year TIF period with 90% ad valorem tax return; contract to be amended by counsel to incorporate revised valuation and terms.

Document type

Minutes

Source document

Holdrege Community Redevelopment Authority Minutes 2026-06-15

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City of Holdrege Community Redevelopment Authority Agenda 2026-06-15

City of Holdrege Community Redevelopment Authority Agenda 2026-05-18

PENDING

Holdrege Airport Authority, NebraskaMay 18, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Holdrege?

Holdrege Restoration & Repair was awarded this government contract by City of Holdrege, as recorded on June 15, 2026.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Holdrege Community Redevelopment Authority Minutes 2026-06-15 (Minutes), dated June 15, 2026 from City of Holdrege. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Holdrege Restoration & Repair hold?

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